Ukrainian Feed-in Tariff for large scale ground-mounted PV installations is the highest in the world: 0,576EUR per kW*h (including VAT). Compare with 0,187EUR in Germany or 0.15USD in China. More information and contact with the owner can be received on the Merar website https://www.merar.com/investors/investment-projects/energy-natural-resources-mining/ukraine/expanding-of-existing-fit-pv-project-in-ukraine/

1. Solar Energy Market in
Ukraine
Presentation for the Merar Investment Network website

2. The New Energy Strategy of Ukraine until 2030
• New energy Strategy for Ukraine until 2030, which was approved by Ukrainian Government
in spring 2006, estimates that Ukraine will nearly quadruple its use of non-conventional
energy sources, which under Ukrainian legislation include renewable and waste energy
sources – from 10.9 Mtoe in 2005 up to 40.4 Mtoe (Million Tones of Oil Equivalent) in 2030.
This initiative would require investing about 60.4 billion UAH (6 billion EUR) into the
renewable energy market.
• The highest growth is expected in the use of solar energy, wind farms and low-potential heat,
although the growth will start from a very low base as currently the installed capacity
(including small hydro power plants) is only 0.18 GW. Nevertheless, the total capacity of
power plants generating electricity from alternative energy sources is supposed to grow up
to 2.1 GW in 2030
• The Strategy envisages the development of renewables in accordance with the fundamental
principles of the “Green Book”: European Strategy for Secure, Competitive and Sustainable
Energy”. The Energy Strategy set out a number of incentives to stimulate renewable energy
production and use.

3. Green Tariff = Feed In Tariff
• In 2009 the Ukrainian parliament adopted a law on subsidized tariffs for electricity produced
by renewable sources, i.e., green tariffs. The Wholesale Electricity Market of Ukraine has an
explicit obligation to purchase all volumes of electricity produced from alternative energy
sources with a feed-in tariff.
• The feed-in tariff is established by the National Energy Regulation Commission for each
generating company and will be effective until 1 January 2030. The green tariff shall differ
from one type of energy source to another.
• The green tariff, as established separately for each generator producing electricity from
alternative energy sources is denominated in Euros pursuant to the official EUR/UAH
exchange rate established by the National Bank of Ukraine as of January 2009 (10.84 UAH per
1 EUR). Current exchange rate (23 April 2012) is 10.534 UAH per 1 EUR.

4. Feed-In Tariff for Solar Energy - Calculation
• According to the Law, “the amount of the green tariff for legal entities that generate the electric
power from solar energy shall be established at the level of the retail tariff for consumers of class
two voltage as of January 2009 calculated using the tariff factor applied for peak hours (for three-
zone tariff classification), multiplied by green tariff factor for the electric power generated from
solar energy”.
Generators of electricity from solar energy can benefit from the highest green tariff indexes:
• 4.4 –for electric power facilities mounted (installed) on roofs of buildings, houses and structures,
with their installed capacity under 100 kW, as well as for facilities integrated in buildings’ facades
regardless of their capacity;
• 4.6 –for electric power facilities mounted (installed) on roofs of buildings, houses and structures,
with their installed capacity being over 100 kW;
• 4.8 –for ground installations.
Tariff factor for peak hours is 1.8 as stipulated by National Energy Regulation Commission
(Decree # 529 dated 19/07/2005).
• However, the “green” tariff incentive is applied provided that:
• Starting from January 1st 2012 the share of materials, components, works and services of the
Ukrainian origin in the project for the construction of “green” power generating facility is not
less than 30%, and starting from January 1st 2014 –not less than 50%.

5. Feed-In Tariff rates for solar energy

6. Possible sources of funding
• Ukrainian State agencies are cooperating and implementing energy saving projects and
developing new and renewable sources of energy with foreign organizations such as NEFCO,
ADEME, SIDA as well as international organizations such as EBRD, the World Bank, IFC,
USTDA, OPIC, etc.
• The IFC declared its intention to invest about USD 500 million in 2010 to support
implementation of different projects (including those related to the power sector).
• EBRD approved the allocation of USD 50 million to development of the alternative power
sector in Ukraine.
• The World Bank will dedicate USD 250 million in 2010 for implementation of the power
projects in Ukraine.

8. What we can offer
We offer a full range of services on implementing of FiT projects.
- development of a technical project;
- assistance in applying for permits and in obtaining it (technical specification, urban planning, etc);
- supplying the equipment;
- installation services;
- connection to electric grid;
- commissioning of the system;
- obtaining a license for generation at the National Commission for Regulating the Electric Power
- obtaining the “FiT"
- entering to the Wholesale Market of electrical enegy
- preparation of the documents for concluding a sales contract with SE Energorynok
Our company has a successful experience in developing and confirming through all authorities
the projects of solar photoelectric power plants.
We are ready to undertake the most challenging projects. The experience we've got allows us to
confidently deal with any matters related to alternative sources of energy.